this post was submitted on 09 Sep 2023
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That's not how it works.
https://www.taxpolicycenter.org/taxvox/who-gets-tax-benefit-those-checkout-donations-0
Edit: downvoted for refuting misinformation lmao, a very easily googleable wives tale that has circulated and been disproven countless times.
Then I am curious, how does it work? I don’t think many people are going to claim thirty cents leftover from coffee on their taxes, but walmart is certainly happy to get the benefit if it can.
the legitimate promotions of this sort; and walmart, as big and as greedy as they are, are still most certainly doing this on the 'up and up', the donations are tracked separately and separate from the revenue stream. it just gets passed-through to the charity. no tax deduction shenanigans involved. walmart already has other 'legal' loopholes and accounting tricks to use to lower their tax burden, they don't have to do something blatantly obvious and easy to track that isn't nearly as 'effective' at it.
Regardless of the truth of this - I do not want to participate in the image laundering that the megacorp is then able to do because of the donation of the impoverished masses.